The nightly rental rates of a hotel over a 12-month payment would be much more expensive than a typical 12-month rent.

But not only are short-term rental landlords earning more income, they are also cutting certain costs typically associated with renting out property.

However, there are some added expectations and requirements for a short-term rental property. From a management perspective, you as the landlord must offer the property furnished. Managing bookings and turnover is also different than it would be in a month-to-month rental property.

There are now companies that specialize in the turnover process. They’ll change sheets and help turn properties around for the next resident. So, there are absolutely resources out there that can help.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

About The Carter Property Group

The Carter Property Group consists of a team of experienced sales, marketing & transactional specialists that assist our clients through one of the biggest transitions in their lives, the purchase or sale of their home.

The Carter Property Group is in the Top 1% of all the real estate agents in Chicago Association of Realtors.